Topspin

Lesko, SBU’s Donnelly to run $6M+ seed fund

By GREGORY ZELLER // Accelerate Long Island is back in business, and it’s main private-investment partners are coming along for the ride. The seed-funding business accelerator, which has been publicly quiet since awarding its 10th and final first-round stipend in December, has been awarded $3 million by Empire State Development to establish the Accelerate NY Seed Fund, with matching private investment planned. Unlike the original Accelerate Long Island charter – through which Accelerate teamed with…


ThermoLift lands $2.75M from Topspin, Angels

By GREGORY ZELLER // Stony Brook energy firm ThermoLift has gotten a big VC lift. The company, a resident of the Advanced Energy Research and Technology Center at Stony Brook University, announced today that it has closed on a $2.75 million VC round that includes funding from the Topspin Fund, the venture fund of Topspin Partners, and the Long Island Angel Network. The funding will allow ThermoLift – which is looking to redefine the energy…


With Topspin round, Codagenix steps on the gas

By GREGORY ZELLER // Last year, when local venture firm Topspin chipped in on a $100,000 infusion for Stony Brook-based biotech Codagenix, it gave the startup a fairly clear idea of what to do with the money. “We had suggested to them that they needed to tighten up some aspects of their clinical data, and in fact they used the money to do just that,” said Steve Winick, Topspin’s managing director. “The tests came out…